Viper Energy Ut (VNOM)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,974,090 | 2,920,370 | 3,034,020 | 2,461,380 | 2,785,630 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,974,090K
= 0.00
The debt-to-assets ratio for Viper Energy Ut has been consistently zero for the past five years, indicating that the company has not utilized debt financing to fund its operations or investments during this period. This suggests that Viper Energy Ut has been primarily relying on equity financing or other sources of capital to support its asset base. While this may signify financial stability and a lower risk of default, it could also indicate a potential missed opportunity to leverage debt to potentially achieve higher returns on investments. Further analysis of the company's capital structure and risk management strategies may provide additional insights into its financial decision-making process.
Peer comparison
Dec 31, 2023